Cybersecurity solutions are becoming increasingly vital for militaries across the globe as cyber threats continue to evolve at a rapid pace. Defense cybersecurity provides protections to military networks, information, systems and critical infrastructure against unauthorized access or attacks through internet, Wi-Fi, ethernet or other connected devices and networks. It helps safeguard sensitive data, software and intellectual property against sophisticated ransomware, malware and other digital attacks. Cyber defense technologies also aid in securing critical operational technology and industrial control systems in military installations and defense contractors. With rising concerns regarding national security and growing reliance of armed forces on digital technologies, governments are significantly investing in advanced cybersecurity solutions and services to fortify their cyber operational readiness.

The global Defense Cyber Security Market is estimated to be valued at US$ 21.62 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Cyber Defense analytics and Artificial Intelligence (AI) are gaining momentum in defense cybersecurity solutions. Cyber defense analytics help gather and analyze network, user and system data to detect anomalies, malicious behaviors and potential threats in real-time. It aids in maintaining continuous monitoring of defense networks and critical assets. AI and machine learning are extensively being utilized to beef up cyber defenses by automating threat detection and prevention capabilities. AI powered algorithms can rapidly detect advanced persistent threats (APTs), zero-day attacks and other sophisticated malware by analyzing petabytes of data. With AI, defense cybersecurity systems become more predictive in nature and can act proactively rather than just reactively. This is expected to drive increased demand for AI infused cyber defense solutions globally over the coming years.

Porter’s Analysis

Threat of new entrants: The defense cyber security market requires heavy R&D investments and possesses high compliance requirements. These factors act as entry barriers for new players.

Bargaining power of buyers: The bargaining power of buyers is moderate as there are multiple vendors providing similar solutions and products in the market.

Bargaining power of suppliers: The bargaining power of suppliers is low as there are numerous component providers and software developers in this market.

Threat of new substitutes: There are limited substitute threats to defense cyber security due to lack of viable alternatives providing equivalent security capabilities.

Competitive rivalry: The market is highly fragmented with presence of various global and regional players competing on product offerings and pricing.

Key Takeaways

The Global Defense Cyber Security Market Demand is expected to witness high growth over the forecast period. The global Defense Cyber Security Market is estimated to be valued at US$ 21.62 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030.

Regional analysis

North America is expected to hold the largest share of the defense cyber security market during the forecast period. The US holds the majority of the defense cyber security budget globally and invests heavily in securing critical infrastructure. The presence of major vendors and research centers further positions the region as a pioneer in cyber defense technologies. The adoption of advanced solutions across intelligence agencies, armed forces and government networks sustains North American dominance.

Key players

Key players operating in the defense cyber security market are Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, General Dynamics Mission Systems Inc., BAE Systems, Booz Allen Hamilton Inc., CACI International Inc., ManTech International Corporation, Thales Group, and Collins Aerospace. Lockheed Martin has a wide range of capabilities to secure critical networks and is a major supplier to US Department of Defense. Northrop Grumman has various offensive and defensive cybertechnologies and secures classified government networks.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it